First, there seems to be a saturated market.  You’ll have several people just like you and then the top registrars all to compete against.  It’s not that you can’t beat the competition and get your share of the pie, it’s just that there may be easier outlets to get money.

Another drawback is the up front cost.  For example, the pro plan is about $200 and basic is $90.  That’s a decent chunk of change out of your wallet for something you will need to invest more time and money in.

Furthermore, you should not to buy a reseller package is to save money on your own registrations.  If you’re a savvy enough domainer or webmaster, you can find promo codes lower than reseller prices.

I was also discouraged in that you really can’t SEO the store front unless you want to redesign it.

Last, if you plan on going the sponsored ads route, it doesn’t appear effective in an immediate ROI outlook.  As you would expect, PPC prices are high and my conversion rate hasn’t been great.  I’ve read the same from other resellers.

When looking to establish yourself as a domain reseller you should look to work with ICANN accredited registrars. This is one of the most fundamental aspects that can contribute to the success of your reseller business.

Accredited registrars have the capability to provide you the lowest prices for their services. Along with this you will also benefit with professional and advanced support services.

Some of the registrars also offer white label and private-label support services. This means that to your customers it will appear as though you are operating as the sole parent provider which will make them trust you more.

You will be able to find many ICANN accredited registrars on the internet. Most of them are willing to establish partnerships with resellers as it helps them to broaden their business horizons. You wouldn’t want to risk your reseller business by choosing a parent provider which is not ICANN accredited.

The biggest benefit however comes in the fact that you will be able to reap maximum advantages by making minimal investment. This is because ICANN accredited registrars offer you the best pricing which allows you to maximize your profit margin.

You can make a comparison of the various accredited registrars in order to find the best pricing so that you can compete with the established veterans in your industry.

Having the best parent provider and offering high end web hosting services is not enough to ensure your success as a domain reseller. Rather you need to keep an eye out for the promotions that are run by the registrar.

The more your business is promoted the higher the discounts you will be able to avail from your registrar. Furthermore you will be able to satisfy your customers by offering them decent packages which will help to further your online business.

When it comes to operating a reseller business the objective of promotion is twofold. On the one hand you want to get a bigger slice of the market by attracting new potential customers and on the other hand you want to retain the customers that have already opted for your services.

In order to do so however you will need to broaden your business horizons. You should not only look to offer attractive packages to new clients but you should also offer comprehensive advantages for your customers who are in need of renewing their domain name and hosting services.

This will help you to retain your clientele. Another key service that can help you to attract new customers is to offer domain transfer services as a domain reseller.

Often the situation will arise in which the specific domain you are seeking is unavailable.  In this instance, the domain broker will help research alternatives and present a solution for the time being. It is possible for a domain broker to approach the current owner and try to negotiate a sale on your behalf.

Domain brokers mostly operate on a flat fee service.  Charging a single lump-sum payment for the time required to contact the owner or buyer and set up the sale. The fees will normally start from around £25, which can be worth the money, assuming you are planning to build a future online business around your domain name.

The other main job a domain broker has is selling a domain name that you own.  They will approach potential buyers to see if they are interested in a sale, in a similar fashion to an art dealer. Again, most brokers work on a flat fee per sale, or, failing this, a percentage of the final sale figure. To summarize, if you know little about the Internet and domain names and are seriously planning to start an online business, then you would need to consider using a domain broker. Ultimately a good domain broker should save you money and time as either a buyer or seller.